levy

noun
\ ˈle-vē How to pronounce levy (audio) \
plural levies

Definition of levy

 (Entry 1 of 2)

1a : the imposition or collection of an assessment The government imposed a levy on gasoline.
b : an amount levied
2a : the enlistment or conscription of men for military service
b : troops raised by levy turned green levies into fighting soldiers

levy

verb
levied; levying

Definition of levy (Entry 2 of 2)

transitive verb

1a : to impose or collect by legal authority levy a tax
b : to require by authority
2 : to enlist or conscript for military service
3 : to carry on (war) : wage

intransitive verb

: to seize property

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Other Words from levy

Verb

levier noun

Synonyms for levy

Synonyms: Noun

Synonyms: Verb

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Examples of levy in a Sentence

Noun the legislators approved a new levy on imported cattle to help protect American ranchers Verb They levied a tax on imports. The government will levy a fine on the company.
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Recent Examples on the Web: Noun Once the levy is set, payments are spread across the overall value of taxable property in the city. Alison Dirr, Milwaukee Journal Sentinel, "Milwaukee property owners saw a jump in property tax assessments. Here's what that means and what to do about it," 30 Apr. 2020 So a Labour government might not even be able to whomp up these levies without breaching the new guidelines. Alex Webb | Bloomberg, Washington Post, "Jeremy Corbyn Wants to Nationalize the Internet," 15 Nov. 2019 Another levy was recently imposed on share buy-backs. The Economist, "India’s government delights businesses by slashing corporate tax," 26 Sep. 2019 These emergency levies make up 40% of our local operating dollars and are critical to the operations of our district. Linda Gandee/special To Cleveland.com, cleveland.com, "North Ridgeville schools’ superintendent to speak to Democrats at library," 16 Aug. 2019 Lopez Obrador said Monday, though officials here are in fact considering retaliatory tariffs and appeals before international trade panels should the levies be imposed. Patrick J. Mcdonnell, latimes.com, "Trump vs. Lopez Obrador: Two very different leaders face off over tariffs," 5 June 2019 The politics of a junk food tax in the US are tricky Even the most glowing studies on the impact of junk food taxes are unlikely to make these levies more politically palatable. Julia Belluz, Vox, "Mexico and Hungary tried junk food taxes — and they seem to be working," 6 Apr. 2018 These levies appear to be targeted at states, particularly in the Midwest, where Trump’s support is strongest. Chris Stirewalt, Fox News, "What real patriotism looks like," 4 Apr. 2018 The levies cited by McKesson were not in place for all that long, likely softening their impact. Tom Benning, Dallas News, "Months before COVID-19, Texas company told Trump that medical goods tariffs made U.S. ‘less prepared’," 3 Apr. 2020 Recent Examples on the Web: Verb The fine would be one of the largest the agency has ever levied. Alan Levin, Bloomberg.com, "Boeing Hit With Proposed $19.7 Million Fine for 737 Lapses," 8 May 2020 Additionally, the agency has levied a per-day civil penalty of $13,585 for the deficiencies starting on February 12 and continuing through March 27, for a total of $611,325, the letter says. Konstantin Toropin, CNN, "Washington nursing home where dozens died faces federal fine of $600,000," 2 Apr. 2020 Rhode Island Providence: The state’s highest court has refused to hear a strip club’s appeal of a punishment the city had levied against it over allegations of prostitution. USA TODAY, "Conch contest, golf tree, Geena Davis: News from around our 50 states," 9 Mar. 2020 Alabama allowed a combined 96 points, nine touchdowns and 913 yards to LSU and Auburn in the two highest-scoring games opponents have levied against Nick Saban’s defense since his arrival in Tuscaloosa in 2007. Mike Rodak | Mrodak@al.com, al, "Terrell Lewis: Communication from ‘top down’ doomed Alabama’s defense," 28 Feb. 2020 Given the massive scope and scale of the Equifax breach, though, and compared to the $5 billion data mishandling fine the FTC levied against Facebook two weeks ago, the scale of the Equifax settlement struck many close observers as insufficient. Lily Hay Newman, WIRED, "$700 Million Equifax Fine Is Still Too Little, Too Late," 22 July 2019 Last year, even as America’s president, Donald Trump, first levied tariffs on China, the country still managed to increase its exports by 10%. The Economist, "China’s growth is the slowest in nearly three decades: get used to it," 18 July 2019 This is the second anti-trust penalty that the European Commission has levied against Qualcomm in the past two years. San Diego Union-Tribune, "Qualcomm slapped with $271 million fine by European regulator for predatory pricing," 18 July 2019 The bill would also let towns that host retailers, growers, wholesalers and processors levy taxes as well, up to 3 percent in some cases. Mike Catalini, The Seattle Times, "New Jersey’s push to legalize recreational marijuana stalls," 25 Mar. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'levy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of levy

Noun

13th century, in the meaning defined at sense 1a

Verb

14th century, in the meaning defined at transitive sense 1a

History and Etymology for levy

Noun and Verb

Middle English, from Anglo-French levé, literally, raising, from lever to raise — more at lever

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Time Traveler for levy

Time Traveler

The first known use of levy was in the 13th century

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Statistics for levy

Last Updated

17 May 2020

Cite this Entry

“Levy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/levy. Accessed 29 May. 2020.

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More Definitions for levy

levy

noun

Financial Definition of levy

What It Is

A levy is the seizure of property in order to repay debt. In the U.S., the IRS has the authority to levy. (For everybody else, this is called foreclosure or repossession.)

How It Works

Let’s assume John Doe owns a house in the country and hasn't filed a tax return for five years. The IRS catches up to him and sends him a $45,000 tax bill. John has fallen on hard times lately, and is unable to pay the taxes. Accordingly, the IRS levies the house.

Levies can be on property, wages, bank accounts or anything else of value. A levy is not the same as a lien. A levy actually takes the property; a lien just places a restriction on the sale or transfer of the property.

Why It Matters

Taxing authorities are always anxious to get their money, but they must give written notice to a taxpayer before levying a taxpayer's assets. States also have the authority to impose levies for the lack of payment of state income taxes.

Source: Investing Answers

levy

noun
How to pronounce levy (audio)

English Language Learners Definition of levy

 (Entry 1 of 2)

: an amount of money that must be paid and that is collected by a government or other authority

levy

verb

English Language Learners Definition of levy (Entry 2 of 2)

: to use legal authority to demand and collect (a fine, a tax, etc.)

levy

noun
\ ˈle-vē How to pronounce levy (audio) \
plural levies

Kids Definition of levy

 (Entry 1 of 2)

: something (as taxes) collected by authority of the law

levy

verb
levied; levying

Kids Definition of levy (Entry 2 of 2)

: to collect legally levy taxes

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levy

noun
\ ˈle-vē How to pronounce levy (audio) \
plural levies

Legal Definition of levy

 (Entry 1 of 2)

1 : an act of levying: as
a : the imposition or collection of a tax
b : the seizure according to a writ of execution of real or personal property in a judgment debtor's possession to satisfy a judgment debt
2 : an amount levied : tax providing for a levy of 3% on income up to $10,000— D. Q. Posin

levy

verb
levied; levying

Legal Definition of levy (Entry 2 of 2)

transitive verb

1 : to impose or collect (as a tax or fine) with authority allow it to levy stiffer penalties for some safety violationsNational Law Journal
2 : to enforce or carry into effect (a writ of execution) — compare attach, garnish

intransitive verb

: to enforce a writ of execution or attachment specifically : to make a seizure of real or personal property in a judgment debtor's possession they might as a last resort levy on his merchandise — J. J. White and R. S. Summers

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More from Merriam-Webster on levy

Thesaurus: All synonyms and antonyms for levy

Rhyming Dictionary: Words that rhyme with levy

Spanish Central: Translation of levy

Nglish: Translation of levy for Spanish Speakers

Britannica English: Translation of levy for Arabic Speakers

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